But rather than a productive and informed discussion about climate and financial risk, the country was treated to diversionary attacks on my ethics and character." "My experience as a financial regulator and lawyer have taught me to value serious policy debate and dialogue in the process of developing the best regulatory policies within the boundaries of law. "Had the boycotting senators simply challenged my belief in the need to integrate climate-based risks and costs into the financial regulatory apparatus, I would have welcomed the opportunity for this important discussion," Raskin wrote. Raskin, a professor at Duke University Law School, has called for a more aggressive focus on addressing the financial risks of the climate crisis, which has rankled Republicans. Republicans on the Senate Banking Committee have been holding up the nominations of all five of Biden's picks to serve on the Federal Reserve, including the re-nomination of Fed Chair Jerome Powell, because of their opposition to Raskin. "Rather than simply voting against the nominees if they disapproved, the Republicans on the committee held hostage not only my nomination but those of Chair Jerome Powell, Governor Lael Brainard, and professors Lisa Cook and Phillip Jefferson," she added. "While my prior presidential nominations in 20 were greeted with overwhelming bipartisan support and Senate confirmation, this time, beginning even before you announced my nomination, I became the subject of relentless attacks by special interests, culminating weeks ago in the boycott of a routine Senate Banking Committee vote to advance your Federal Reserve Board nominees," she wrote in the letter obtained by The New Yorker. The news was first reported by The New Yorker, which obtained a letter from Raskin to President Joe Biden explaining her withdrawal.
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